Russian Helicopter Consolidation Advances

By James T. McKenna | July 12, 2007
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Russia’s consolidation of its helicopter manufacturing base is advancing. The organization charged with organizing that consolidation, Oboronprom has acquired 25.07 percent more interest in the Moscow Mil Helicopter Plant from Abilis Holdings, according to the Russian news agency AKM. Combined with the 36.35-percent stake it previously acquired, Oboronprom is now the majority shareholder in Mil. It also reportedly holds major interests in Ulan Ude Aviation Plant (which makes the Mi-8T and Mi-17-series helicopters), Moscow Engineering Plant Vpered, and Stupinskoe Engineering PO. It also plans to become a holder of major stakes in Kazan, Kamov, and Rostvertol. Oboronprom’s stakeholders are the Russian Federation, with 51 percent, Rosoboronexport, with 31.13%, the Tatarstan Republic, with 15.07%, and Rosvertol, with 2.79%, according to AKM. For related news


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